Equity
-€29.5m
Debts exceed assets in financial year 2025.
Securitas Technology
Lifetime
12 annual accounts with figures on one time axispeak €40.3m (2020)
€32.1m▼ 0.6%
lowest -€12.1m (2023)
-€5.5m▲ €1.3m
peak €4.4m (2021)
-€29.5m▼ €5.5m
€54.5m▲ 18.1%
peak 290 FTE (2021)
187.8 FTE▼ 9.9%
Board22 names since 2017all names
4 directorsCedric Hellin and 3 others
Owners3 names in the annual accounts
100%SECURITAS
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Loss of €5.5mStaff from 208.4 FTE to 187.8 FTE1 director appointed, 1 resignation 05-122 directors appointed, 1 resignation, 1 statutory auditor rea… 11-07Equity from -€24.0m to -€29.5mDebts from €46.2m to €54.5m
Key points
from the 2025 annual accountsLosses
-€38.3m in five years
Every financial year from 2021 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€54.5m 218% of the balance sheet
Suppliers 8%Taxes and wages 8%Other 84%
Of this, €51.9m falls due within a year.
Investments
€1.9m 2.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 290.7% higher than in 2024.
Payment terms
77 days to suppliers
Securitas Technology pays its suppliers 37 days earlier than in 2024. Customers pay 31 days later.
Board
2 joined · 3 left
Board changed. Latest change 01-05-2026 · 3 in office.
Checked score
47
Fair
Financially stronger than 10% of all companies
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 20 companies (NACE 80, medium-sized).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 11.0%highest value
01-2025: 11.0%● unchanged vs 12-2024highest value
02-2025: 11.0%● unchanged vs 01-2025highest value
03-2025: 5.7%▼ -5.3 percentage points vs 02-2025
04-2025: 5.2%▼ -0.5 percentage points vs 03-2025
05-2025: 5.1%▼ -0.1 percentage points vs 04-2025
06-2025: 5.1%● unchanged vs 05-2025
07-2025: 4.0%▼ -1.1 percentage points vs 06-2025
08-2025: 5.5%▲ +1.5 percentage points vs 07-2025
09-2025: 5.5%● unchanged vs 08-2025
10-2025: 5.5%● unchanged vs 09-2025
11-2025: 5.5%● unchanged vs 10-2025
12-2025: 5.3%▼ -0.2 percentage points vs 11-2025
01-2026: 5.3%● unchanged vs 12-2025
02-2026: 5.3%● unchanged vs 01-2026
03-2026: 5.2%▼ -0.1 percentage points vs 02-2026
04-2026: 5.2%● unchanged vs 03-2026
05-2026: 5.2%● unchanged vs 04-2026
06-2026: 5.4%▲ +0.2 percentage points vs 05-2026
07-2026: 4.8%▼ -0.6 percentage points vs 06-2026
08-2026: 4.0%▼ -0.8 percentage points vs 07-2026
09-2026: 4.0%● unchanged vs 08-2026
10-2026: 3.7%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 3.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€29.5m
Loss of €5.5m, the second in a row (financial year 2025)
Liquidity: current ratio 0.42, cash €1.5m
2 of the last 3 accounts late
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 3% of them on solvency, 7% on liquidity, 4% on profitability and 27% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 252 companies had the same profile as Securitas Technology has now. Each dot is one company, two years later.
85.3%
were still trading
6.7%
stopped another way
7.1%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Securitas Technology itself: 3.7% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 252 companies, not a prediction for Securitas Technology. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.42 (0.43 in 2024), below 1. Short-term debt is 207.5% and cash 6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€29.5m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
113 days late
2023
478 days late
2022
574 days late
2021
107 days late
2020
306 days late
2019
227 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 253 days after the deadline. In the sector (NACE 80), the median for financial year 2024 was 2 days before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 November (4 of the last 5 accounts filed within 366 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SECURITAS 100%score 79equity €45.3m (2025) · annual accounts 2025
- Stanley Black & Decker inc consolidatesannual accounts 2018
Shares in 6 companies, including A & E SECURITY and ARGOS-SIGNALSON SECURITY
Board & ownershipRecent changes
Security firm approval (camera systems) granted
Decision of 17-09-2026, published on 04-11-2026
1 director appointed, 1 statutory auditor reappointed
Appointment: BV Daplos Management (day-to-day manager) · Permanent representative: Daniela Pandrea · Reappointment: BV Ernst & Young Bedrijfsrevisoren (statutory auditor) · General meeting of 25-06-2026 · Gazette deed
Resignations: Marnik Hoebrekx (director) and Sidney Dehenain (director)
General meeting of 02-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0541717482
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Securitas Technology Anderlecht | €32.1m | -12.8% | -118.2% | 187.8 |
| SERIS TECHNOLOGY Aarschot | €35.1m | 3.6% | 29.6% | 148.1 |
| ALERTIS Roeselare | €21.8m | 10.0% | 47.6% | 120.8 |
| S.AIR Aalst | €20.3m | 14.3% | 26.0% | 46 |
| TSA Safety Group Antwerp | - | - | 22.4% | 78.9 |
| CENNOX Vilvoorde | €8.9m | 11.9% | 39.6% | 33.6 |
| INTERNATIONAL FIRE CONTROL Tournai | - | - | 18.0% | 61.3 |
Grey: the largest companies of the sector (security and investigation (NACE 80)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Securitas Technology: investigation and security activities (NACE 80090). They are comparable in size and age: total assets between €6.1m and €25m, founded between 1992 and 2018.
Official details
Source: KBO- Status
- Active since 05-11-2013Normal situation
- Activity
- Investigation and security activitiesNACE 80090
- Establishment units
- 2.017.835.9664432 Ans, since 01-04-1980
- 2.040.559.8018200 Bruges, since 20-10-1988and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 27-01-2026
Annual accounts 2025
- €25.0m▲ 12.6%
- Employeeson 31-12-2025
- 178▼ 16.4%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to Securitas Technology
Subsidiaries and holdings
Insights on Securitas Technology
Securitas Technology has existed since 2013. In 2020 turnover rose from €13.2m to €40.3m and staff from 92.1 to 246 full-time equivalents. On 22 May 2020 Securitas Technology absorbed Argos-Signalson Security NV in a merger.
Turnover has fallen every year since 2020. Solvency fell in 2025 from -108.3% to -118.2% because of the loss.
SECURITAS holds all the shares. In 2024, three directors stepped down. In July 2026, the Official Gazette published the appointment of DAPLOS MANAGEMENT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Securitas Technology
- What is the company number of Securitas Technology?
- The company number of Securitas Technology is 0541.717.482. The VAT number is the same number with BE in front: BE 0541.717.482.
- Where is Securitas Technology based?
- The registered office is at Internationalelaan 9, 1070 Anderlecht.Company details
- What does Securitas Technology do?
- According to the KBO register, the main activity is investigation and security activities (NACE 80090).
- What is the legal form of Securitas Technology?
- Securitas Technology is a private limited company (BV).
- When was Securitas Technology founded?
- Securitas Technology was founded on 05-11-2013.
- Is Securitas Technology still active?
- Yes, Securitas Technology is an active enterprise in the KBO register.
- How many employees does Securitas Technology have?
- Securitas Technology had an average of 187.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Securitas Technology?
- The turnover of Securitas Technology was €32.1m in financial year 2025, according to the filed annual accounts.
- Is Securitas Technology profitable?
- In financial year 2025, Securitas Technology made a loss of €5.5m.
- Where can I find the annual accounts of Securitas Technology?
- Securitas Technology filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Securitas Technology due?
- Securitas Technology must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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